Per CoreLogic, reconstruction costs spiked by an average of 16.6% between Q2 2020 and Q2 2021 before dropping by -1.9% on average between Q2 2022 and Q2 2023. However, between Q2 2023 and Q2 2024, reconstruction costs stabilized to slightly above pre-pandemic levels. Read more
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Interior design firm channels energy of original designer to revive homes
Home Front Build, an architecture, interior design and construction firm founded by Steve Pallrand, works to channel the energy of the original architects and adapt those homes for the way we live today without compromising history. “Instead of remodeling the home and making it something it isn’t, it’s about cherishing the original intent of that period of design without being dominated by it, so thatwe can add air conditioning, solar panels, remodel the kitchen, all the modern conveniences but still live in a home that feels a part of that…
Read MoreGold Nugget-winning Wagoya House implements mid-century modern design
Located in Los Angeles, Wagoya House by design-build company Alloi is a transformative home remodel that is a testament to the fusion of natural materials, contemporary design and mid-century modern aesthetic. Its name comes from the Japanese post and beam construction method. Read more
Read MoreTwo remodels featured on the Reston Home Tour
This year’s Reston Home Tour offers a look inside two beautifully remodeled homes, each reflecting unique designs tailored to their owners’s lifestyles. The first home features a complete main-level renovation designed for entertaining, while the second home blends modern design with natural elements. Read more
Read MoreNAHB reports remodeling market sentiment dips in Q3
The National Association of Home Builders (NAHB) released its third quarter Westlake Royal Remodeling Market Index, showing that the quarter is down two points on average from 65 to 63. Both large- ($50,000+) and moderate-sized ($20,000 – $50,000) projects fell down three points, more than the two points small projects (under $20,000) lost. Despite the decline, most remodelers remain optimistic since an index of about 50 would still indicate a healthy market condition. Read more
Read MoreHome renovation trends to watch
With the home renovations market growing, many homeowners find that their budgets run over $5,000 after the dust has settled. Despite this, homeowners are still shelling out for popular updates, such as spa-like touches in the bathroom, bold accent walls, and energy-efficient upgrades like HVAC systems. Read more
Read MoreAuburn Gresham Victorian Is 2000th Home Remodeled Through Cook County Land Bank
Developer Tytus Henry remodeled the four-bed, four-bath Victorian home “from the ground up,” with help from local youth who hope to work in the trades. Local officials and leaders at the Cook County Land Bank Authority joined Henry Thursday to celebrate the completion of the single-family home at 8514 S. Peoria Ave. The four-bedroom, four-bath Victorian home is the 2,000th Cook County Land Bank Authority property to be redeveloped in the organization’s 10-year history. The Cook County Land Bank Authority bought the vacant property in 2019. The 4,500-square-foot home was…
Read More2 in 3 Homeowners Have Gone Into Debt for Renovations
Nearly 2 in 3 homeowners (63%) have gone into debt to fund a renovation, according to new research from Clever Real Estate, a St. Louis-based real estate company. PR Newswire says with 94% of homeowners having completed a major renovation in the past five years, about 3 in 4 (78%) went over budget on their last project. Nearly half (44%) exceeded their budget by at least $5,000, while 35% exceeded it by at least $10,000. With three months remaining in 2024, 45% of homeowners have already spent $5,000 or more…
Read MoreNAHB/Westlake Royal Remodeling Market Index (RMI)
The NAHB/Westlake Royal Remodeling Market Index (RMI) is based on a quarterly survey of NAHB remodeler members that provides insight on current market conditions as well as future indicators for the remodeling market. New Methodology as of Q1 2020 The NAHB/Westlake Royal RMI is based on a quarterly survey of NAHB remodeler members that provides insight on current market conditions as well as future indicators for the remodeling market. The RMI survey asks remodelers to rate five aspects of the remodeling market as “good,” “fair” or “poor.” Each question is…
Read MoreBobcat to Debut Several New Machines, Product Innovations at Equip Expo 2024
Bobcat Company, a global equipment, innovation and worksite solutions brand, will showcase several all-new and recently introduced grounds maintenance and turf renovation machines at Equip Expo. New Utility Tractors on Display Introduced in June 2024, Bobcat’s utility tractor lineup (UT6066, UT6566, UT6573) offers a competitive advantage for hauling, digging, raking, scraping and more. Bobcat will display its UT6573 at this year’s show. Bobcat utility tractors feature 12×12 powershuttle transmissions that deliver smooth shifting without stepping on a clutch pedal. Powered by turbocharged, Tier 4 diesel engines, these tractors offer robust…
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